US-Iran Pause Strikes, But Houthi-Saudi Conflict Escalates

The U.S. and Iran have paused military strikes to allow for diplomatic efforts, though tensions remain high. Meanwhile, conflict has expanded as Iran-backed Houthis and Saudi Arabia exchange missile and drone attacks targeting oil facilities. Despite the regional instability, global markets have rallied and oil prices have dropped amid the temporary lull in direct U.S.-Iran hostilities.